Bloomberg News

RBS Challenging Canada Competition Bureau Over Libor Papers

February 28, 2012

Royal Bank of Scotland Group PLC is challenging a court order obtained by Canada’s Competition Bureau compelling the bank to turn over documents related to an alleged conspiracy to manipulate prices on interest-rate derivatives.

The Ontario Superior Court has granted RBS an “interim stay” on the order to provide the documents, Competition Bureau spokeswoman Alexa Keating said today in an e-mail.

The bureau is investigating whether RBS and other banks conspired to affect prices on derivatives linked to the Yen London interbank offered rate, according to court documents.

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net


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